Should Faneuil Hall be renamed?

Full Show 5-19-17

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This is the financial exchange with the very Armstrong and chunks of tour exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chunks. We have all lived through stock market corrections and I'll tell you what Brazil is going through one heck of a collection it is a doozy. They are market their stock market but that's supposed down eight point 8% yesterday currency declined by percent. Hi everybody it's very truck with you here on Friday and I wish I had some good news to share with you as it relates to Brazil but. Chuck this situation just keeps getting uglier and uglier they just didn't distant peaks there are previous president last August. They they did an end it's been nine in an ongoing issue for them. The the corruption throughout the Brazilian government you can make an argument that there hasn't been. A Brazilian president who has been corrupt and about 200 years. That's about how far back you have to go and even then there's some questions. And I think at this point you know it it is one of the biggest questions about investing in Brazil unfortunately. Just because the corruption appears to be so systemic and at all levels. Of the government that. It's it's something that you have to effectively plan for when you're investing there but tidy just. Run through the south American countries like Argentina defaults on their debt Venezuela. For all intents and purposes Jews. I would what you call that a revolution or civil war that's going on in Venezuela Colombia he had nieces and best. They like is there any country that you can look at that there actually is a mess. There's Peru do it okay. Cold is actually in decent shape now they've there's been a lot of cleaning up in the the effectively the civil war that has been going on there between. The rebels in the pro government forces over the last thirty years of things are a little bit cleaner there at this point. You know it's the fact is that you you just do not necessarily have the political stability that you want in a lot. Of these countries at this point. And you know their their places here in their mean Argentina's had some times occasionally where. It's been able to get its act together but that's been more the exception rather than the rule. And so it's it's just something that you have to be aware of as you are investing. In South America is look you can't have very strong growth in those countries and in those economies. But you also kind of have this Specter hanging over it all points of hey look it there could be something going on that we don't know about. And that could potentially derail this either for the short term or in the long term. Buyer beware I guess that's the message right there as it relates to anything in the way. We were picked up numbers still but I think it's safe to say that about most emerging markets right here. You wanna buy an emerging markets stock they look that appealing right you could buy Vietnam as an emerging market to buy stocks in Vietnam. You better be ready for some volatility mrs. field. It is in an in this different reasons for that but I think at at its core it's just the reason that a lot of these markets do have the potential for greater growth. Is because. They don't necessarily have the same type of rule of law background that you have in a lot of more established countries where you may have hundreds of years. Preston and so forth kind of setting things up in a certain way it takes time to get those. Norms boasts socially politically and economically in place to the point where you know what to expect. There you know yesterday we refer to a study that was done by Quest Diagnostics. Quest. Does this study and they do it on behalf of the employers across the country. And there has been. A dramatic increase. In the amount of drug use that is being picked up win employers do tests of their current employees. But there's also trapped in a dramatic increase in drug screens. Win employers are looking to hire new company globally so give an example if you wanna drive for a company like UPS or FedEx. You're gonna have to go through a drug test. And it just that the numbers are staggering. Navy air especially as it relates to marijuana a whole lot more. Potential workers are not being considered for employment because of their mirror wanna use it yet and in. In what you're seeing here is that up positive test for marijuana. Reached 2% of all tests administered by quest last year compared to one point 6%. In 2012 that's a 25% increase in the span of four years but okay. And there's no doubt that a lot of that probably has to do with the fact. That you've seen a number of states legalize marijuana on the recreational side and in general I think a lot of societal norms of shifted the point. Where a lot of people so we don't view marijuana the same way they did 152030. Years ago. Where I think a lot of people viewed it as you know scored in the streets and at peace you know and in some that's gonna completely ruin your life. So I think that the fact that from a legal perspective it's changing on the state level and also. You've seen a shift in views on a from a social perspective. I think that's the big reason why you're seeing an uptick in positive test for marijuana. In some of these industries where look you know if you're driving. UPS trucks where you might have hundreds of thousands or millions of dollars worth of shipments that are you know in the back year truck race is that there's a cost that to do that you have to do you know you have to give up you know some of the things that you might have enjoyed. If you simply wanted to why have a different job. Well I would. I would suggest you know chuck that the pro marijuana crowd is gonna say well you'd say the same thing about alcohol rightly alcohol is just as pervasive. If you screened it for the media liver function. You know see you're you're gonna pick up as to whether or not so these guys her driving that have alcohol problems is dirty it is marijuana. Any more dangerous in the workplace than alcohol. I would make the argument that it isn't but I think the big things we still don't have a reliable on site test. For marijuana they can be quickly and easily administered no doubt about like Byrd DW exactly don't have anything like a breathalyzer you know there's no there's nothing like that that you have. And I think the problem then becomes determining you know win was that specific usage and this is someone still under the influence. Of marijuana it's very easy to tell her breath analyzer or someone is still under the influence of alcohol we know that in the you can go confirm or by blood tests and things like that. We don't have that technology for marijuana yet and so while I think. That's. My personal perspective there's not a huge difference as far as the overall costs and you know is that the way. That it impacts people's lives he can make an argument that marijuana doesn't have some of the negative impacts and alcohol does. I'm employers have the right even in a state like Colorado. Or Massachusetts or Maine. As an employer you have the right to screen for marijuana and reject employment for somebody based on marijuana use. Where's I'm not sure there's any screening even being done. For alcohol mr. I don't believe so. In. And a friend like you say you're UPS in your hiring under drivers. You're gonna screen every one of those under drivers are marijuana. But how many of those under drivers are going to be screened for. Alcohol. I and I don't know the answer I. Hey I believe they do some breathalyzer exams prior to employment estimates is clearly not showing up like your first day on the job drinking Reuter stamp but these are talking about long prolonged use they elect. When they do a marijuana case. Right there they're not checking CD to smoked joint before the interview their check and see if you use marijuana in the last thirty days yeah it I'm doing we're looking at the effectively. What they have in place in a lot of cases here. It is just purely kind of a BAC test is to say look you know are you. Using at this point it doesn't appear there's any kind of long term test for you know liver function or anything like that. Men and look you can make a case that. You know their point of people they can function just fine if they you know instead of drinking at night if they go home. Smoke marijuana it doesn't necessarily affect their performance the next day it's not something that stays in your system. And is active for 24 hours and less eating it and then you know you can leverage. Ursula and employers are saying did that one of the reasons that it higher rate they're having trouble in warehouses where they're trying to hire forklift operators. They're saying. In a week we get a good candidate that we like to hire. In any capacity fails the marijuana test and and week we can't hire them for insurance reasons or just corporate policy. My question is will corporate policy change we will look corporate policy become more relaxed in that especially given the tightness in the job market. So part of it I know that some of this is mandated by the US Department of Transportation I know that US DOT rules. Do well kind of factor in here so I think that's going to be part of it is that a lot of these industries the US Department of Transportation requires this testing and so until that changes. I don't know if you're gonna see anything on an individual companies side. Coming up we are to be joined by nick to morals from the Wall Street Journal and trucks and be talking to nick about economic growth. One of the platforms for that Donald Trump campaign was 3% gross domestic product growth. Well it's easier said than done we've been stuck in this. And caught one and half to 2% GDP range for the last eight years we have not been able to break out in my opinion. The reason we have been able to break out of it is yet one single reason. It would be that taxes I think taxes are far too. Your personal income taxes are too high and corporate income taxes are too high. And ethnic entitlements are far to me it's too easy to get free money from the government. Shocked and nick are and talk about. Donald Trump's plan to get the economy cranking along at 3% or greater that is next from our insurer match dot com studios. Like us on FaceBook and follow us on Twitter at TLC show. Breaking business news is always first right here on the financial exchange radio network. The state and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family hi this is very Armstrong and with numerous types of available a state planning can certainly be confusing do you need to global or an irrevocable trust and what's the difference between the two should you consider special needs trust or insurance trust what are the tax implications of each type of trust pushing and an expert in elder law and estate planning has prepared a brand new guide called demystify trusts that will offer you a roadmap as to the different types of trust that exist and help you figure out which trust is right for you when your family call right now to request this free 8668485699. That's 86684856990. Can also download it right now by logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing home all the same time call now for your free 8668485699. Or get it right now and legal exchange show. Dot com. Many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England while technology improves and costs have come down solar incentives seem almost too good to be true yet have you talked to alternate energy clients they're thrilled with having no electric bill summer even driving their electric cars with free power from the sun imagine three solar power creating our own clean renewable energy while leaving a better world for children and grandchildren solar is an ideal retirement plan you think the state and federal tax credits now when your high income years then enjoy high returns for the next twenty to thirty years don't put off investigating solar the returns could be incredible call alternate energy right now at 3473085993. That's 3473085993. For a free solar analysis alternate energy has been serving new englanders for forty years called them today that 3473. Ways by 993 or visit them online at 800 DC solar does come. There are strong here and I'm joined by Jake too who's a vice president and leader bank and we're talking about the housing market the housing market as you know. You know short of supply. Long on demand. And Jake. For first time homebuyers. Would what is your message to the young couple hours to somebody's out there looking to purchase their first time home. Yes so you know for first time home buyers what we are telling men are a couple things one be patient. Yes you know we we see a lot of first time homebuyers who are making five and fifteen offers some two for fighting house now and offers except it's extremely component okay. And so they have to temper their expectations oftentimes they're they're paying more than the other half to. Paying more than the asking price and a yeah it is quite common right now in and in some cases are actually having to to research other towns and rooted in. Considered first because. You know it's very campaign can't afford their dream home exactly. I'm getting we're telling first time homebuyers to really be aware. Of all the mortgage products that are out there that are relevant to Tulsa but this leaders thirty yes so we are really excited about this product we just launched it is called leader thirty. And essentially what it is is that fixed rate loan. Where if you sign up to pay your mortgage automatically electronically that everybody does for the first year you get to lower your interest repayments by one person. That's very helpful offer because what it does is it gives you a break during that first twelve month period exactly so gives you little payment relief for your moving expenses that you still have the security of the fixed rate mortgage. Would I bot. A home. And when I've refinance my properties have always used leader bank near terrific bank you can call the whole free at 8776917. B 900. Or visit them online at leader bank dot com to learn about their mortgage programs. 8776917900. Liter bank dot com. I like talking to a person face to face him a call 87769179. Country. Security suffered through securities America each member finreg SIPC and advisory services arbiters securities America advisors think carry ons from representative Armstrong advisory group in the securities America companies are unaffiliated. It's our daily poll question had financial exchange showed Doug John. Vote your conscience you are just vote go to financial exchange O Doug come in castaway. One of the main goals of Donald Trump's presidential administration is to increase economic growth. From the 2% range up into the three to 4% range and joining us now. Talk about some of the obstacles to to getting there and whether or not it's realistic is victim rose from the Wall Street Journal index thank you very much for joining us today. Product that before we go any further let's talk about what GDP growth actually is how how we figure out how fast the economy's actually grown. Right it is it is really too. Variables it is that the growth of the world course and the growth in the productivity of those workers so. GDP. Can change over time of course because the economy global recession and demand wolf all I'm an output gap but if you think of kind of a speed limit. Where the economy has kind of a natural rate at which should grow it's really those two factors the labor force and productivity growth. So let's look at the labor force first and anyone who's been pretty much alive in the last fifty years knows. That we are simply not growing our population as quickly as we have previously the percent change. In population year over year you go back in the sixties and we are moving up about one and a half to one and three quarters percent. Today we're only grown about three quarters percent per year and we do have an aging population as well so that has to be somewhat. Of a limit her as far as GDP correct. That's exactly right so if you look at what we kind of called prime working age population. That the population ages 25. To 54. In the 1980s when we had consistent 3% 3.4 percent economic growth that prime age population with a spinning at a record 2.2 percent rate. And that would be cut that the baby boomers you can into those prime working years. Now over the past ten years the working age population has been growing at about zero point 1% the year he much slower. And so when we've been we've been Tucker kind of it's 2% annual growth through competitive at 3% to 4% that we were used to a big piece to that is because for the working age population. Isn't growing. So population as a grown that takes is over to productivity. OK and breaking at productivity. What have we seen recently and and what does it tell us about our ability to continue to grow GDP here. Well productivity isn't really hard to measure. And it's it's something that's very hard to predict the future but if you look over the past. This past decade productivity growth is really slumped that's going on around zero point 7% a year. Stepped down from kind of a post war average of a little under 2%. And not only that we had. Very slow growth in the labor force staff productivity slowed. And you put those two things together the economy's not gonna grow very about and now economists think that productivity should write come over the next few years. Liked. To get just 3% growth which took the proper administration wants. You would have to grow productivity. Really the highest level that we've seen the in the postwar period or something quotes what we had in the late 1990s when you have kind of the fruits of the tech boom rippling through the economy. So here's the question for you I know that one of the the key. Concepts that the Kiki ideas that the drug administration is trying to get through congress right now is tax reform. It's it's it's pretty central to their goals of growing the economy and I know the theory is that even though 25 to 54 population growth has slowed. A lot of those people in that ranged up more today are not working. Then previously war and if you get tax reform done you can get more of those people back into the workforce and grow that way is that something that's realistic. Yet that's the that is the argument is whose millions of people. All who would be working if they could only find it odd jobs that would pay them a decent wage. And until that happens or discomfort on the five mine it's true that there are you know there is there's a few million of those people. But even if you took a labor force participation rates back to where they were in 2000 which is the peak that we've had. You you would normally boots that. That speed limit for growth from about one point 8% today at 2%. It's just not enough to really move and he also would help and of course anything we can do to get the economy grow faster even at Knopf 3%. Is that is it positive but there's a debate over what is realistic because if you set out goals. That may be all realistically the economy then your policies that you might come up with a wrong policies. Looking at productivity on a spin back over their briefly. It seems to be the easiest way that I kind of conceptualize productivity is you take someone who was previously digging ditches with shovels and give them a back Coke. And all of a sudden he's able to do an awful lot more. Is it possible that just all of the low hanging fruit is gone as far as productivity now and we're just kind of mired in this perpetual slow productivity growth in the US. It is a big debate with the economy and you have kind of giants from both sides you have some folks who are saying we really. We've we've we've exhausted all of the United Nations with. You know the toilet was a much greater innovation in the iPhone right if you had to choose to have only one and so we're glad that oil age right and so the agents and divisions over the productivity opportunities that none don't know. Look at self driving cars yourself drive a truck. There's there's so many different innovations that our World Cup above organ automate this so many different things on our. Are artificial intelligence is gonna allow us to take have computers to kind of back office jobs but that raises the tone of the questions because if you were a have a fleet of self driving truck when now you've got a bunch of unemployed truck drivers. And the policies he's gonna have to to Russell that. Very good nick thank you very much of the time today. Victim rose from the Wall Street Journal talking about. GDP growth in whether we can get to that three to 4% range. You know he raises some good points too many needy I did not know that improving the labor participation rate that much would only like two tents that seems modest it was like I had looking at that simple. He hit that many they've gotten extra. With four million people back to work. I would think it would mean more to GDP but he's telling us and welcome you have to remember that already we've got a 150 million people that are working. You know you have four million in the broad scheme of things yet gets them back to work. But it's still a drop in the bucket compared to the 150 million that you've already got work. But it does have positive social ramifications well right yet to look at he says okay. Yeah you you've been out of improve GDP that much. But your tax revenues increased rate your welfare rolls decreased so there's there's a lot of checks and balances there. So I'm looking at bats and okay. It's still I I I think labor participation rate is one of the most under. Discussed. Aspects of the monthly jobs report this I look at as being critical date this this parts of that that's true I think what's interesting is the San Francisco fed did a study. That showed that much of the difference in labor participation rate was due to people. Continuing their education for longer that big that accounted for about 50%. Of the shift. And so while it's true that you might get more tax revenue once this beep we're back in the workforce doesn't do a whole lot to change anything as far as entitlement programs actually. It is did. And change entitlement programs truck but no. The you know I got to tell you I'm looking at the market and we're gonna robust. Day in terms of trading stocks the Dow is up a 106 points at 20769. I'll take that any. S&P is up sixteen points the NASDAQ sup 42 crude oil. Holy I don't know if you saw the struck crude oil trading over fifty dollars a barrel. Chug along again it is it is he coming up we'll have Wall Street watch with Mike Armstrong and were also I think we're talking about John years appealed to on here. Take a look at that stock before Mike comes on. And then we'll have a trivia question for you. From our insurer match dot com studios. Making your Smartphone even smarter Dell Motorola mobile lab by surging financial exchange show in nineteen Jordan who played store. The financial strength ratings. Network. This is a special announcement for all landlords chasing down lead rent payments and making trips to the bank to deposit checks take a hassle out of Iran today we've leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit www. 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If you work hard for the past twenty years and enjoy a healthy savings account you're in a solid position to enjoy later life hi this is very Armstrong saving money for your retirement is half the battle making sure you leave it to the right people is the other half beneficiary designations are not an afterthought while most people try not to think about what happens after they die it's important to set up beneficiaries properly to ensure you protect your wealth my firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designations because believe it or not there can be complications called out to get your free guide understanding traditional higher rate beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our web site financial exchange showed dot com. Securities offered to securities America incorporated member in SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated many of us are always thinking about security retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England while technology improves and costs have come down solar incentives seem almost too good to be true if you talk to alternate energy clients they're thrilled with having no electric bill. Summary been driving their electric cars with free power from the sun imagine three solar power creating our own clean renewable energy while leaving a better world for children and grandchildren solar is an ideal retirement plan you dig the state and federal tax credits now when your high income years and enjoy high returns for the next twenty to thirty years don't put off investigating solar the returns could be incredible call alternate energy right now 3473085993. That's 3473085993. For a free experts solar analysis alternate energy has been serving new englanders for forty years called them today that 34730. Wait 5993. Or visit them online at 800 DC solar dot com. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing co lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval. Leader bank a step ahead hi this is very Armstrong planning for later in life is a definite challenge there are a lot of factors that come into play especially when it comes to protecting your assets creating a trust can be an essential step to helping you through this process but what type of trust do you need given how many of them there are out there the law firm Cushing and Dolan are experts an elder law a state planning and asset protection and this month they've got a brand new guide called deep mystifying trusts which will offer you a roadmap as to the different types of trusts that exists and help you figure out which one is rate for you and your family called right now to request this free guided 8668485699. That's 8668485699. You can also download it right now by logging on to legal exchange showed dot com don't leave your family's estate in assets at risk call now for this free guide demystify and trust 8668485699. That's 8668485699. Or get it right now by visiting legal exchange show dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers at 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry like our bella Plymouth rock and more their relations for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today 844 and 99 match or go online and ensure a match dot com. 04 Wall Street watch a look at the market's performance so far today until Berrian jog right here on the financial exchange radio network. It is now time for Wall Street watch were joined by Mike Armstrong. Mike markets are rallying up about half percent today what's the biggest driver pushing them up. Yeah I'm going jacket that looked are still just rebounding and the debt that we saw two days ago I shot come up about a 3% yesterday and you're right the Dow's up. Under point up about half percent and yes he's up fifteen points. Two thirds of 1% I think just again making up ground and a few people saw this is a buying opportunity in that just make ground up from two days ago. Unexpectedly oil up 2% today back above fifty dollars a barrel for the first time in three weeks after dipping down. Around 45 why are we seeing such a strong rally in oil after the sell off a few weeks ago. Yet they do seem to be some pretty solid rumors now that OPEC is going to continue its it's cuts and use some tentative reports that deeper cuts and had initially been anticipated as well also like to mention oil back above sixty dollars a barrel up 2% today. Deere & Co. reported earnings overnight up. 8%. On that news must've been a good quarter for them. Huge yeah earnings this quarter were up. That Q that the share compared to its expectations of a dollar 68 ballots even more importantly. They adjusted according seventeenth forecast that the two billion dollars vs one point five billion with the previous estimate that that in the past 30% increase. Anticipated earnings per fully your twice seventeen a lot of that was driven from increased international sales decrease seen across the board board for a lot of big US company. Yes a couple retailers report earnings gap and footlocker. Gap down about 2% in early trading what blocker down over fourteen what's the story would be more retail struggles. Yeah you know. GAAP action with a pretty good story. Overall GAAP earned 36 shared verse 30% share purses there estimate between nine cents a share. Seeing source sales were up but that is the companies that like all the competitors in the mall industry has been just getting to drag it down I used GAAP as kind of a silver lining in the air but even with a pretty good earnings report to concede that the stock is down nearly 3% today. Put locker you know just following the news of a lot of its competitors. You know anyone that has that small space retail really seems to be struggling they missed. Slightly better in the big. Miss on revenue and same store sales and as you mentioned that stock is down. You can get ticked down by 14% sent huge missed her foot locker. Continuing slide on the brick and mortar retailers specifically in the malls. They're good Mike thanks for the time today. Mike Armstrong bringing up to date on what's going on in markets that. We're doing tribute today about the Brooklyn Bridge which opened a 134. Years ago this month. How many years. Did it take to construct the Brooklyn Bridge to great question and what a piece of trivia that is our text number is 68681. Listener with a correct answer to that question went point five dollar gas card. How many years did dictate to construct the Brooklyn Bridge in the way participate he's good or excellent which is 68680. Took let's talk about Abington bank and there are. Merger with the eve on cooperative that both of these are owned by their customers. Yeah they they announced this on Thursday an Abington bank which has about 242. Million dollars in assets and Avon co op which has about 88 million. In assets they're going to be merging and they're expecting this to be done later on this year assuming that everything goes well. On the regulatory side and they're going to retain Abington bank. Even though why the Avant the Abington bank named even though Avon. Will still continue to keep its name on the front of the stores. But this does appear to be a deal that should be wrapped up within an. Six months or any logic behind the mercker and I'm guessing it's you know to try to do you know scale the business and technology costs and compliance and regulatory costs are very high for small things. I think that's a big gut piece of it is just being able to get a little bit bigger and pick up some economies of scale. To offset some of those additional regulatory costs. That we've you know heard so much about that have come up in the last few years and and depositors are demanding technology they've they're demanding things like you know check deposit from your phone and they want on line. Access and online bill pay and you know that all cost money and if you're trying to amortize that over eighty million dollars pretty expensive. Yup absolutely no no doubt about it and I think that's that's definitely a piece of it is people as you said are more demanding about what they want from the technological perspective. With their financial institutions these days I've talked. To a lot about our friends at the insurer match agency in the exist to make sure that you were assets are protected and if you're like many of my listeners who will hold one or two cars. You are the perfect candidate for free consultation with one of their agents to help you review your insurance needs. Call them today at 84499. Match that the 44. 99 match and let them prepared very personalized plan. That will get the best coverage that the best price bill also dig out all the discounts it preferred customers like you can qualify for. Call insurer match to compare multiple rates from all of the top carriers including. Our bella. Plymouth rock and minority for 49 V nine match that's it for four. 99 match insurer match is license for all types of insurance and they can save you time stress and money. Wonderful call one relationship that is all you need call today 84499. Match or go online at insure a match dot com. I was surprised to see this next story IBM. Is basically. Calling their workers back to the home office meaning they eat they're not going to be that big proponent. Work from home which they were one of the early companies track to encourage their workers to work remotely. Here's my first question for you what does this remind you of what does it remind I don't know went through something like this is there are. Dope that the company I'm thinking of is it was about three years ago yeah maybe four. Yahoo! Marissa Mayer came in said look I want everyone coming back into Yahoo! offices. I don't necessarily view this as a good sign. For the health of IBM in the long run just because I think it in particular in tack. Tech workers tend to value flexibility more than just about anything else. And I think that when you are saying look we're taking away flexibility. It might be the right thing to do from a company perspective. But you may end up losing some quality employees because of that. And I I think that this could be something that. Doesn't end up working out the way. That IBM has planned. We'll part of the theory here and it's just speculation truck is that that's why they're doing it years there demanding the workers come back in. Because they think they'll get a lot of attrition. Meaning that workers will quit and not come back in the home office and several examples of employees pretty good employees to from what I can gather. Boost that the thanks but no openings in other words undertake another I guess they're still beat despite the fact that I BM is getting away from remote work. Lot of other companies are moving towards. So the problem that I have with is something with that approach is. It reeks of this NBA culture that's kind of imbedded itself Ian. The modern workplace where we just want a cut costs at all at all you know at all cost pardon upon. And unfortunately what you do there if you may lose some your most creative in your smartest employees who simply don't want to play by your rules that way and I think that it's something that is. It's present in so many companies right now we get these people that came from me you know Harvard Business School or Columbia Business School and this and that and at I'm not ripping on business school just on its own. But the fact is you get these people come in in all they're taught us to look at the business in terms of numbers instead of what they instead of in terms of products and how you actually don't create something new. An IBM the problem is they need to innovate more not less and when you potentially put more restrictions on people the first people that are gonna jump ship. Very creative ones that say no I don't wanna I wanna work in an office let me go in my genes somewhere and just do what I wanna do. Speaking of creative workers Anthony eleven Dow ski used to work for Google specifically he worked for school in their autonomous car. Division and it is alleged that he stole. Trade secrets and critical data when he left school and started his own company called auto no auto spelt OT TO. And then backed company auto was after her short period time was purchased by Wilbur. Now looper is threatening to fire mr. Levin now ski if he doesn't turn over some documents to the judge he had mr. live and now ski. Took the fifth I think as well and. He did and he's got attorneys 141000. Allegedly stolen files over. As well as provide a full accounting of any Hoover employees who have handled them or had any knowledge of these files. And well I'll tell you what things are not looking good for mr. eleven Dow skiing for Hoover at this point the way this continues to go here. How do you. Think it continues to go where it would it would vacate it looks. There's a lot of speculation and frankly it's backed up with some pretty good facts it. Yeah eleven doubts he certainly may have broken the law you've got to wonder you say OK well how how one ball was Hoover as a company in for helping him. And did they encourage him to steal these documents hard to imagine they'd be that dump. It is but Cooper's been done before. You know again I say this is someone who uses the service that they've they've done some things that are questionable they've tried to flaunt the law. You know skirt around it'd just about any opportunity possible. It's not out of character to say that they might have tried to do with in this case and the problem is when you have a history. Of going into municipalities just saying the law doesn't matter. You kind of lose the benefit of the doubt. Larry Kudlow is coming up next or talk to about NAFTA. He talked about the early version of in there weren't talked to him also but would he think should be done to NAFTA to improve it. For all parties involved that would be Mexico Canada in the United States that is next mr. Larry Kudlow CNBC. From our insurer match dot com studios. The battle over the trump agenda continues to affect the markets and get the latest info on the sectors that are benefiting and those that aren't right here with a battery in shock on the financial exchange radio network. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional IRAs and employer sponsored plans hi this is very Armstrong it's great to see that more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications called out to your free guide understanding traditional higher rate beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com. Dirty suffered through securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more. Their relations for all types of insurance and continued time stress the money with just one phone call and one relationship. Call today 84499. Match or go online and ensure a match dot com. Barry are strong here and I'm joined by. You know short of supply. Long on demand. And Jake for first time homebuyers. What. What is your message to the young couple hours just somebody's out there looking to purchase their first time home. Yes so you know for first time homebuyers what we are telling them are a couple things one. Be patient yes you know we we see a lot of first time homebuyers who were making five and fifteen offers two for fighting house now and offers except it's extremely. Okay. And so they have to temper their expectations. Oftentimes they're they're paying more than the other half to. Pay more than the asking price and a minutes is quite common right now in and in some cases they're actually having him to research other towns and rooted in. Considered first because. You know it's very pad can't afford their dream home exactly. I'm getting we're telling first time homebuyers to really be aware. Of all the mortgage products that are out there that are relevant to Tulsa but this leaders thirty yes so we're really excited about this product we just launched its cult leader thirty. And essentially what it is is that fixed rate loan from where if you sign up to pay your mortgage automatically electronically that everybody does for that first year. You get to lower your interest rate payments by one person. That's very helpful offer because what it does is it gives you a break during that first twelve month period exactly so gives you little payment relief for your moving expenses that you still have the security of a fixed rate mortgage. When I bought. A hole. And when I've refinance my properties have always used leader bank they're terrific bank you can call them told free. It 8776917900. Or visit them online at leader bank dot com to learn about their mortgage programs. 8776917900. Liter bank dot com. I like talking to a person face to face him a call 87769179. Country. Barry Armstrong. Chunks. Breaking business news every day right here on the financial exchange radio network. The topic of NAFTA and is coming to the forefront. And you've got some very qualified people in the name of Wilbur Ross that are going to be instrumental in negotiating it. We're joined now by Larry Kudlow from CNBC to talk to us about NAFTA Tyler Perry you. A what was your thought on the initial design NAFTA is what 23 years old who initially what was your thought on the NAFTA agreement. I spoke pretty good you know not a free trader and I think you have and north American free trade zone. And the flow of goods. And my stomach that labor although that's gonna be. Refit. It nonetheless I think it's generated. A pretty good economic growth that says they're not gigantic. But when it comes to that site are those. Anything could do it energy. Farming. Really brilliant at three countries together now that include Mexico all right I think recently. The bat in the massive government trial opened up there energy sector to private investment including America. Bet it would they desperately need their. I'm not I'm been much on gas that the weather ships up to let you know a good deal it says may be updated so question. And as it. Has any country benefited from NAFTA more than the another country like his is it more worried. Is it worse slanted towards Mexico or Canada the United States or is it pretty evenly balanced. Legally bound submit actually I think about the benefited board through. I mean the border security issue he can't stand in the way of that discussion so view you know uprooted border security. You know and a lack of clarity. On illegal immigrants coming across here that's been a problem certainly for our borders states in the labor market you know like get that I think that age to be. Improve. Whether to censor all but but mostly I think you have to have a yeah. Season deport you really have to have a you know if they come across. And the right back I really would happen that I. And are in automobile companies that benefited enormously. Because. There's no more time when you know that domestic contacted the US car. It is argued percent or maybe it's seven papers that got auto parts going back and forth other assembly line. Type features going back and forth in the US Mexico and that regarding the Canadian side. They would energy. That there are issues up there with the on a long time issues about. Provincial government subsidized woods for example. Soft soft lumber. So that that's that's gonna be worked out and you know he should take a look at that point some odd years but basically I think it's where they've done a good job. What did how would you leave if you're talking to Wilbur and in the truth here had a copies what can we do. To increase trade increase you know wages in Mexico improved GDP in the United States and to improve the economy can't. What would how how'd he do. From nervous perspective what would make. NAFTA better than minority you like it now but give us peace one or two things you can do to make it better. Well what the issues but that is taxes. Always had this. It was originally signed but not mistake it. Mexico's value added tax which is placed on all their domestic. Goods but also applies to imports. So America at that time I think it was 5%. And they claim. That would update there tyrant of the act and actually that was about this game. As our state and local taxes which attack imports. But you know on ensuing years. Bad tax that that act has got to about I don't know about that now I think it's like in 70%. And I think that's the big issue. Now my issue. They don't get in free it's not true that there imports command duty free because. We don't have a bat for thankfully my opinion but our state and local tax burdens have gone up. Our average. Local tax about a topic that happens that that your biggest states. That is the most traded. You've got you know taxes 8910%. And so. You know we have a tax on imports and do wrong this day Mexico gets rewrite but. They can't break in their bad I really I don't know I have to looking back. At the direction that the deal but I am pretty sure Mexico out of that tax of around five respect and they promised not to raid and they broke their promise. So there is an unfair trade back there that's at these pits that one gigantic issue the second point quickly as. Mexico needs to grow faster. You know devastated economy. Is just obviously it always is the case they are being not delivered the goods. And they always tried to stop outside bet. Very protectionist views and so you add a strong in Mexico has grown. 345%. Which would be more in line with. In no way it developing country rather than one or 2% they'd be in better shape. There workers would stay home okay. And we all benefit from the knock off effect of the stronger Mexican cop. So that you know they need to grow. They need to curb their bad acts. And we should have stopped currency deal with that you know want a crazy as the year Canada but Mexico. It that they will fluctuate wildly. Now you you can argue that the dollar has fluctuated wildly lasted two years and I would agree with that. But I think we need some kind of currency coordination which we never really. Very good Larry thank you very much for your time appreciate. It actually Larry Kudlow CNBC joining us today in the financial exchange and that value added taxes always been in. The big bone of contention both Canada and Mexico have exceedingly high that that makes our. Exports much less attractive. Mightily to fourteen years for the Brooklyn Bridge to be constructed who knew the answer to that. Cahill from Guilford getting careless signaled a 25 dollar gas card to goal and our tribute brought to you. By insure a match culture match today 84499. Match. Or eight. Markets are open I'm very pleased with the performance thus far out of 112 points oils that fifty dollars and 24 cents per barrel as our president. Is headed to Saudi Arabia Egypt Saudi Arabia today. Will we back. From our insurer match duck comes to. If you worked hard for the past twenty years and enjoy a healthy savings account you're in a solid position to enjoy later life hi this is very Armstrong saving money for your retirement is half the battle making sure you leave it to the right people is the other half beneficiary designations are not an afterthought while most people try not to think about what happens after they die it's important to set up beneficiaries properly to ensure you protect your wealth my firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designations because believe it or not there can be complications call now to get your free guide understanding traditional higher rate beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our website financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making needs a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leader bank a step ahead your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Minarets PSE equal housing lender and number 449250. Subjective credit approval leader bank a step ahead your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer mention agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's 84499. Match many of our listeners don't know home then one or two cars if that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered well so they get all the discounts preferred customers link you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more. Their license for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today paid for four of nine. Regarding IRA beneficiaries. Truck I assume. That we should all be naming our spouse as the primary beneficiary of our individual retirement accounts and four when case yet generally that's what we recommend and in the case of 401 k.s are actually required to name your spouse. As the beneficiary there are suing general. Spouse are gonna typically be the first person that you name as a beneficiary on any retirement plan. It simply makes things the cleanest and easiest approach of treating happens to how has treated chuck if your wife inherits your IRA. If she had to start taking the money out right away how how's that investment treated once she receives no this is why we say it's the easiest and cleanest because of a spouse dies and other spouse inherits an IRA or 41 K they don't have to start taking any distributions right away unless they're already over the age where they have to take them at seventy and have to begin right. And so you named your spouses and hiring committee typically name is a subsequent her successor Ben picture Lotta times what you do then you name one of the kids or both or all three however many kids you have and they'll be named as the contingent beneficiary. In the event that your spouse is pre deceased he's so it's spouse as the primary and then any children as the contingent very get. Folks we would suggest that you call in and learn about understanding traditional fiery beneficiary designations. It's important to know who should be the beneficiary of your individual retirement account. Call 803934. Zeros or one or download the guide it and it to exchange showed dot com it's a toll free phone call 800. 3934001. Or as I said I need to exchange showed dot. Com securities offered to securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Whether you're celebrating a milestone toward diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally we just make sense give leader bank you call them learn more call 8776917900. Or visit leader bank done nothing to. A step the state an asset protection planning can overwhelming where do you start and how do you know what type of trust is for you and your family hi this is very Armstrong and with numerous types of available a state can certainly be confusing do you need to the difference between the should you consider special life insurance trust what the tax implications of each type of and an expert elder in the has prepared a brand new called demystify and trust that will offer a roadmap as to the different types of trust that and help you figure which trust is right for you when your family call right now to request this free 8668485699. That's 86684856990. Can also download it right now by logging to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing all the same call now for your free 8668485699. Or get it right and legal exchange dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinance this all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader back a step ahead. Many of you listening today are either retired or planning for retirement investing in the market can be as safe strategy to develop growing assets and income to help keep ahead of inflation but here's another investment you can make that may also help you achieve your retirement goals if you invest in solar energy you may see double digit returns and growth call alternate energy today for a free solar analysis for your home or business at 347308599. Entry. 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Just a couple days ago we had the largest stock market decline that we had seen since September of last year. However yesterday. Stock had a mildly. Impressive game it was a few teams that that that was a little bit. And today those rallies continue in spite of the fact the special counsel has been appointed in it proves. The point that earnings at the mother's milk of the market and earning season chuck has been strong and investors seem to be thumbing their nose special account. Been pretty good does as far as earnings go to this point a little bit better than expected I'm particulars and some decent guidance coming out. For the rest of the year here. And as you said look at the end of the day. All that investors really care about is how much money their companies are going to earn and if they continue to guide strongly. You know would it bodes to a market that might be able. To hold up well against some potential challenges. Coming down the road as far as whether or not you're going to get things like tax reform and health care coming down the road. Does that does you know. 0% a lot of bad news of late but today we've got good news on Hooper particularly. For those of you or in the trucking industry. Hoover's new technology called low birth rate and they've recently launched this new application you can downloaded on your phone of your trucker. It finds loads easier and pays them faster and you know we've talked about sort of the long haul truckers to chuck in the past. And a lot of these long haul truckers that are having. Difficulty finding loathed because it the volume of activity has decreased that this could actually be really good especially. For somebody who's. In that industry right field the role race. And they're looking for work during the bacon bacon all the sudden pick up work as a result Lou Hoover and they get paid almost didn't instantaneously. Yet it still is going to be someone of eight chicken and egg problem I think just because. You're not to have drivers on the platform unless you have enough follows the transport on the platform and likewise you knockout blow to the less their drivers so. I think it's going to be awhile before we can tell this is going to be a success or not. Yeah it might be a situation where it takes twelve to eighteen months to figure out. Is this feasible is it the initial platform that you launch with. It's never what ends up being the final platform you look at all the changes cougars made just two hits you know based platform at this point. There's so many that you go through that you know as you kind of warn about the business say OK we can't do this we have to. Do this but just imagine this John let me give you scenario B your trucker and you're driving from North Carolina furniture country. To New Haven, Connecticut and drop off some furniture in Jordan's Furniture in in New Haven. And then if you realized she'd my truck is only three quarters full. With this who replication and correct me if I'm wrong but the way I understand it is. You could say gee I'm driving from north to and one from mud Durham, North Carolina. All the way up to New Haven, Connecticut and then all of a sudden you find that there's another vote that needs to be picked up in Washington DC. And taken to Stamford Connecticut in you've got room for that load we you're making that drive anyway and now all the sudden you can pick up this extra money. Play by stopping in in Washington angle enough to stamp. That they're all on route there's there's no doubt that that's the goal bit but again if no one's on the platform it doesn't matter. You know this is I could go enjoined. Friendster tomorrow. But there's no one using that platform anymore it's ever went on FaceBook so that you you can have the platform but at the end of the day people have to use it you you can't just make up fanned the mortars and things. Nobody I just I wonder. Job of picking as a vendor right now let's say you're. You're vendor for at a year you're you're selling goods and services on the Internet. I would think this is something that people because they should be. Theoretically. It should be less expensive but the person buying the the that that's the service from Hoover. And for Hooper review over the trucker who's the independent trucker they're picking up found money rate to its money they're sitting there driving home with. An empty bed or half empty. Container all the sudden they can make money. That there's no doubt but again. There have to be people on. You're skeptical. Well no it's just there's no one on it right noise then again it it it has to get built at some point like this there have been plenty of good ideas that just never actually found the market and so. And it could go to Google and help market. Yeah those companies get along well with what is the cattle that whole thing start you know that the Google. And Cooper. Travesty as it looks like now now it if it just look like corporate espionage in a lot of bad blood between these two companies. But it was as recently as I think three or four years ago truck where you had a cool cool. Director on the board after hours. Yeah I'm I think really what it comes down to is. For whatever reason that I don't know which company necessarily started it. For whatever reason these companies develop they skepticism of each other in terms of whether or not they were actually working in each other's best interests okay. And I don't know if it's Google's fault I don't know if it is Hoover's fault I can't tell you if it's you know something because of where it seems like it if it by perspective on it is it seems like. Hooper Travis on a guy addicts they upset. Because. All of a sudden Google was getting in the liberate this number we reported on that we've service that you can use creek and you know like you could picks Debbie up under way to work it. And I think Travis looked that says hey. You know we're using your mapping service and all of sudden here you worry you're infringing on our our on our mainland business. Yeah I mean if I think it it. Again that there are a bunch of different pieces to this puzzle here I don't like to cast blame in a situation like this is. You know both companies have done things that have infringed on the other's business neo the other did there's no doubt about that. You can go in you can take a look at what Google did as you mentioned. You go and say OK you know than Travis when hired on to Google engineers installed right away from moved from Google's so. From my perspective there's enough blame to go around that. You ought to I don't think it makes sense to say it's all over small all for all of Google's fault. I think it's two companies that for whatever reason. Have always been skeptical not always but just. In the last three years they've been skeptical and it's grown as far as their ability to work together and be valid partners and then that's kind of why we've gotten to this point where there now. You know in court with each other about the the potential stolen documents. Mallon and I think they need each other bill oligarchs who know don't get who will doesn't need anyone. Now earlier you're probably right I mean Google couldn't eat what they partnered with lift which is the stepchild to Hoover. And I I guess you'd raise that question do they even the left noted that if they wanted to they could go into it it's a drop in the bucket if they wanted to go and do this themselves. Impeached in suit they do pitching to see what that they use electric cars or hydrogen cars you know whenever you talk to an engineer he talked to a auto engineer. They'll tell you. They're much more impressed with hydrogen technology than they are with electric battery technology. And yet. It seems like. Electric cars have leapfrogged in front of hydrogen cars though you are gonna see hydrogen cars. Being actively marketed in the northeast in the coming months. Yeah and the the big question with hydrogen powered cars is always be in. Can you get the hydrogen to where you needed in order to actually power the do you have the stations is it cheap enough for people to fill up. An and that's been the the problem to this point. California starting to get to the point where you have a decent enough network that it's now way viable transportation. Are viable up power methods. You know California this point they've got about thirty different hydrogen stations that are throughout the states he can pretty much traverse the state. With no problem they're gonna have a hundred by the end of 42 point. That's not very many corporate state the size of state like California. And you think about. You know like you think about how you buy gasoline right that you buy gasoline at the same place every week. Buying it be by as needed based at warrior travels. You do but again this is this kind of how you start off remember when when the the internal combustion engine first got put in automobiles. You know that there were many gas that's true you know it's it and he got to start somewhere so not gonna blame them for saying they've got thirty stations. At this point but. What you're starting to see is in the northeast now within the next year so you get out about a dozen that stretch from the Boston area down to. New York and into New Jersey with the thought being OK you can start to develop around these other population centers. As well and look hydrogen powered cars they make up. Not to say a fraction of overall sales is dumb generous they make up literally next to nothing now so. It still is a tiny tiny tiny piece of the overall market. I think it's going to be. If you're not talking five to ten years before this potentially viable. Fifteen to twenty Euro notes do you think individuals. In and commuters would pay fifty these cars are gonna cost right now you can buy it you can buy a the line in the clarity. Right in their 50000 boxing tickets and tax credits that's still very high priced. Person today I don't think most people will right now but remember the cost technology historically. Comes down over time as you expand. And you can scale up enough as you get competition coming in improving the technology. The cost him down so it's it's and its product right now okay. But this out these new products always start off they're always niche products you remember the first flat screen TVs. We're 101000 dollars for you know crappy thirtieth flat street and canal obesity and get this for 200 so. It's if you don't take a long time and again this is something I'm saying. This is twenty years off if it happens at all I think that the way electric technology is going that may be where we end up heading. But this is in alternate path but it's a long long way off. Our broadcast covers the six state New England region. And one of the states in our. Listening area has negative unemployed meaning that they got jobs declining we'll talk about that state and more. When we return from our insurer match dot com studios home stronger. Bringing you the best in business and financial news every day. This is the financial exchange radio network. If you're real estate or property management company banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its clients such as he CH payments mobile banking remote check scanners and its innovative to see rent payment platform leader bank has a team of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies to leader bank as their banking partner call 8776917900. Or email BB EO at liter bag dot com for more information member FDIC equal housing lender. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure a match agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's 84499. Match many of our listeners don't know home and one or two cars that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered we'll also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers that 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more their license for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today 84499. Match or go online and ensure a match dive. many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England what technology improves and constant come down solar incentives seem almost too good to be true yet if you talk to alternative energy clients they're thrilled with having no electric bill summary been driving their electric cars with three power from the sun imagine priest solar power creating your own clean renewable energy while leaving a better world for our children and grandchildren solar is an ideal retirement plan you think the state and federal tax income credits now when your high income years then enjoy high returns for the next twenty to thirty years don't put off investigating solar. The returns could be incredible call alternate energy right now at 8559120115. That's 8559120115. For a free experts solar analysis alternate energy has been serving new englanders for forty years called in today at 8559120115. Or visit them online at 800 DC solar dot com. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional IRAs and employer sponsored plans hi this is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but they're can be complications called out to your free guide understanding traditional hiring a beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com. The financial exchanges of live on FaceBook so make sure like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. This segment of the financial exchanges brought you five leader bank if you're looking to diversify your portfolio. Precious metals are Smart investment. Gold and silver bullion coins are now available at all Peter bank locations. Call 8776917900. Or log on to leader bank dot com. For more information. Talk about student loan debt is something we've talked about periodically. Over the last several years but it's come to the light that. Basically chuck student loan debt as triple. Am as a household debt student loan debt has tripled over the last very brief period of time fifteen years I've never I did not notice. Yet and you know the the big reason is kind of twofold the first is that incomes of stagnated while cost of college and gone up. And the second is that you have a lot of people who were pursuing graduate more advanced degrees is well and that's adding to their student loan debt. As well we have a higher percentage of people now going on to post graduate schooling. Whether you're talking business school law school. Master's programs whatever it is but more of those that are being undertaken now. And so that's been something that's added to the overall student loan now burden that houses have to. The problem with that is that obviously. It eats into people's budgets pretty significantly. And what you see right now is that student loans have come to have gotten the point where they were present. About 11%. Of all debt that Americans well. To bigotry forty K worse pig book this number 44 million Americans. Have student loan debt so as we're broadcasting. Right everybody its network talking to. It either has their old student loan debt or maybe when their kids as a student loan with your wife or their grandchild. And this is pervasive. Throughout society and these are not small debt we're not talking about a dead. You know 151000 dollars or 5000 dollars at the average student loan debt so around 3540000. Dollars. It it it's significant and you know that that's why in a lot of cases it's you know people have asked the question am I getting what I'm paying for. With these student loans if I'm going. To a mid tier school and getting a degree that doesn't necessarily have. A chance of me earning an awful lot and there isn't in my best interest to go and take out you know 405060000. Dollars in loans I don't necessarily know. It's not say don't get it near don't pursue your education but can you do so in a more cost efficient manner. You know I've today I'm working out of our Connecticut. Office the day is a firm we have offices throughout new England and I'm going to meet with clients in our New Haven office this afternoon. And while I sit here in Connecticut it I am just amazed it's a beautiful coastal state. But he employers in Connecticut shed 1500. Jobs during the month of April that's what the rest of the country added 2111000. Jobs. During that month. They revised down the march numbers shock and my good friend that he had from that he Eli he asked he said Eric. Like how long is it gonna take to fix the structural problems in Connecticut warriors darn it if I didn't have an answer for twenty years. Is it that bad. DeVon that that's how long it takes to get things like this squared away do you remember which I think back in the once it was the late eighties are still win New York State in the city. Had a ton of prop seventies it was the seventies when they had all the problems with their budget. Mid seventies in the eighth culminated with the the basically burns the city. And and and you look at how long it took them in New York State New York City right now have some of the best budgets out there. Anywhere in the country they're about as clean as you can get in terms of pension funding and things like that it right everything there is very good but it took him 25 years to get there. You know what's funny you bring that up the night. New York State list just you know in terrible condition. Carol fort wouldn't get Malone wouldn't bail out yup. It can etiquette at the time was the state no income tax you know whose pattern of humorous game. Can can hit it in your step and an income tax a lot of rich people would move to Connecticut because there's no income tax yet it's a and that's the thing is it it takes you look at it. Someone who is born Leo fifteen years ago if they've never seen New York having. You know if those kinds of financial problems but it took New York again twenty to 25 years to dig themselves out it's not easy to do. It's not fun to do and things do get a little bit worse before they get better. That's kind of the method that you need to go about you know you need to look at this. As a long term problem that you didn't get into the situation overnight they didn't wake up today and say G or taxes or two higher revenues to low what are we gonna do. If they inch wake up like that it takes twenty years to get there it's gonna take twenty years to get out. Going to be a fun ride. George Soros has added to his losing bets that keeps the stock market as a written by a friend of mine Jeff Cox from CNBC. And old George he's kind of a villainous. Investor though he's best friends with Steve minutia of which I think the water. Conservatives forget. He's been betting against the mark tell everybody how he does that it in explain. You know because it's a very dangerous strategy he's lost a lot of money trying to do bet it needs the US economy. It isn't any pretty much utilizes. Number different options strategies. In order to bet against the market and what you're seeing in terms of the potential valued he has betting against the market right now. Is a little over 750. Million dollars almost a billion dollars betting against the market. At this point. And it hasn't worked out too well to this point what he does he goes out he buys an awful lot of output options and what options. What they do is they give the holder of them the right to sell at a certain price. If the underlying security the value of the goes down that put option becomes more valuable because you have the option to sell potentially higher price than what the markets out. So what he's done as he owns about these put options. But he's been getting whacked at this point I'll tell you about and they expire after a period of time and they're worthless and they do so it it's not something where you can hold on forever and hope they come back. At a certain point. You you're kind out of luck you know here you're done a good position. You can buy more they use the money you invested previously you bird sliced it's up it's oh it's all hasn't been a good year for mr. Soros has. Couldn't happen to a nicer guy opens. You know the year of the Brooklyn Bridge is that topic for our trivia today and you know it was constructed. In eighteen ED three that was what it was completely took fourteen years to build that about the Brooklyn Bridge started construction just after the civil war. In a show of the Brooklyn bridges strain how many elephants. It's in the city of New York or recruit to cross the bridge in 1984 nobody wanted to use the bridge in 1984 is imperfect it was gonna collapse. So that the city had to recruit. Elephants to walk over the bridge in order to get people to use the bridge on a daily basis. So our trivia question no way to do is to participate is text the answer to this it's X 8681 listener with crickets are with the 25 dollar gas card. But how many elephants did the city of New York recruit to cross the bridge the Brooklyn Bridge. In the year eighteen EB war tough question I know but it's 25 dollar gas card never easy. That and more coming up from our insurer match dot com studios. You've got Barry Armstrong. Extra pressure on the financial exchange radio network. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinance this all originations are managed by a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank a step ahead. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional retirees and employer sponsored plans hi this is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications called out to eat your free guide understanding traditional I air raid beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com. Searching for the best savings leader banks Zhu might count as a two point 05 AP and that's just one of the perks qualifying to the customers receive 1% back on debit 10% bracket featured businesses and reimbursements brother bank's ATM fees to learn more about Zuma accounts call 8776917900. Or visit leader bank dot com minimum deposit to open under an annual percentage yield ten dollars two point 03% interest rate mass residents only he's been reduced earnings rate subject to change without notice member FDIC leader back a step. Hi this is very Armstrong planning for later in life is a definite challenge there a lot of factors that come into play especially when it comes to protecting your assets creating trust can be an essential step to helping you through this process but what type of trust do you need given how many of them there are out there the law and are experts an elder law a state planning and asset protection and this month they've got a brand new guide called mystifying trusts which will offer you a roadmap as to the different types of that exists and help to figure out which one rate for you and your family called right now to request this free 8668485699. That's 8668485699. You can also download it right now by logging to legal exchange showed dot com don't leave your family's estate assets at call now this free guide and 8668485699. That's 8668485699. Or get it right now by visiting legal exchange dot com it's not too late to get a great on mortgage bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. dot com. Berrian should get the latest every day beginning at ten only here on the financial exchange radio network. In order to convince one of America's busiest cities that its newest bridge could offer safe transportation too many commuters. The city of New York called upon entrepreneurial film and mr. PT Barnum. To march 21 elephants across the Brooklyn Bridge in May of 1984. To showed just house dirty despair and was. The winner on that question I have no idea why anyone knew that answer but a lot of people did I know I recommend this one of those where I'm like okay well. Whatever Stephen from Pittsburgh had the right answer and Stephen takes home 25 dollar gas card to shell. And our trivia contest today is brought to you. By insure a match and if you're looking up that your insurance policies one call feature match give you multiple quotes. From several top cares it'll help you make the right decision for your insurance needs polish your match today. At 84499. Match that's 844. 99 match or visit them on line. At insure a match dot com. You know we've talked about electric cars so a lot in the past and I know many of you like to give me a hard time about golf course heart that I drive that. It all in and dear you know few years ago back in 2005 years you know the your hardly any on the road. In 2015. There's one point two million on the road. But China all countries China is leading leading the drive towards electric cars. That they they're goal I believe chuck is at twenty billion on the road by the year 20/20 Italy with three years away. Yeah and they are trying to get up 218%. Of all all cars produced in China being electric vehicles. Around that same time in what you're what they're not trying their mandate. They're saying date date the you'd like if you want it to they're saint Chevrolet. And by the way GM does a lot of business in China yup they're saying if you would sell you know a million cars in China. Then eighty. Half the 80000 have to be electric. Yet it and one of the results of this is that cobalt which is a yacht key components. Of the lithium ion batteries that are used in a lot of these vehicles. The price of cobalt now is up to 55270. Dollars per metric ton. And that is a 100 in 54%. Jump since the metal reached an all time low back in February of 2016 so. The cost of those batteries. Obviously going up. 150%. But definitely. It is something to watch is you know how expensive does this get in and you know who comes in to fill that demand at a lower price potentially this is how markets work if the price goes up to 60000 somewhat into it for forty. Well all of a sudden you get new entrants coming in and and that's how the market supposed to work. You know what's interesting is the biggest deposit of cobalt is in the Republic of Congo and so you think OK here's an opportunity. To turn around a country that's going through civil war righty who you look at what's gone on in the Congo for the last. Twenty years it's it's awful. But because of the political uncertainty there. You know miners are very nervous about going in there and making a big investment because of the unstable government. Yet it and also I think it's the fears that any profits that you do make from their end up being taken by the government. And not being shared with the people in any way shape or form. Many of us are always thinking about securely retiring while leaving a good legacy not everybody can do it but we're fortunate to live in New England. While technology improves and costs have come down solar incentives seem almost too good to be true. Yet if you talk to alternate energy clients they are thrilled with having no electric bill summary in driving their electric cars with free power from the sun. Imagine free solar power creating our old clean renewable energy while leaving a better world for our children and grandchildren. Solar is an ideal retirement plan. Take the state and federal credits now your high income tax years and then you enjoyed it returns those high returns for the next 2030 years. Don't put off investigating solar power. The returns could be incredible call alternate energy right now. An 8559120115. That's 8559120115. For free expert solar analysis. Alternate energy has been serving new englanders for forty years all the today 8559120115. Or visit them online at 800 DC solar dot com. You know any time the CEO is vilified by Bloomberg. I kind of like that and I happen old stock in this next company talked about its General Motors. In honor of the cut the article or not truck but it's a story about how all very barrack does is care about profits when you know what if you're on the stock that's kind of what you want your CEO isn't it. It is and and pretty much what it talks about is how was she is taking GM. And really walking away from some pretty substantial markets Russia Europe India. Moving away from them in favor of areas that are going to be more profitable for GM and you know as you say look. This is probably the best thing for the company to be on it's it's probably the best thing for the market this is kind of how works if you can't compete in a market successfully right. You leave that that's kind of how it ends up you know that that's how you get to. Ideal efficiency in market so. I don't view it as a bad thing that GM is headed out of these markets necessarily I think trying to be a simpler company leaner company and cleaner company. Makes sense and that's kinda how are you wanna run things upon walking. And looks like they're getting out of India Russia and South Africa. Thank you which you know frankly. I can certainly they sold the cars that are between the three countries they didn't sell a 100000 cars they sold three point nine billion in China they sold three million in the US and focus on the comp countries that can afford your product. And Russians and Indians in south Africans evidently can't afford General Motors products in a forwards don't wanna by and for whatever reason. Within minutes they are their loss. With CO I want to we're jump ahead to one story and unlikely contender beat out to vote late at Taco Bell as America's favorite Mexican chain restaurant. We have to try this place called bulls southwest's growth here in front. Yeah I've been to a couple mows down a veteran there buried I've been their talk several times it's excellent it's it's cheaper than triple layer I think to police flavor in and but flavors overall better than most but for the price I'm I'm gonna go remote at the in New England there do you share oh yeah. While there every Oreo I've never fail we have 600 stores all of everywhere he's feeling at 600 I don't. As does the stores that I know of are down employment and then this one and hand over as well and chuck I don't know which one you. I've been to but you you can find them certainly. I'm pulling up a a list of the New England once as we speak right but they're less expensive he said that yet Salt Lake is too vital low eighties I don't consider people to be expensive. I advocate like I can get in and out of chipotle effort. Ten bucks. So taking a look at most of frolicking in the New England area I mean starting in. The Boston area there's one in Natick my guess is probably at the Natick mall. This went hand over his doctor said rocked in Foxborough Attleboro. Bellingham. We had up to New Hampshire let me go and take a look here. Let's see a need to if they are immediately Manchester ports that the actual. So they're all three in New Hampshire there's one in Nashua there is one in class now that's going to be opening. And there is one of those open nice west Lebanon, New Hampshire rated near Hanover. Jessie up on the merry that are out there. After trial and they've never intimidated though they're good. They don't charge for walking either no charge for walk don't. They're actually walk for every wall as a kind like that you know that shark in two dollars and six cents for walk through a spoonful squawk. That I care to pull myself of the so Tesla workers are passing out on the factory floor according to a report. I love it. Kennedy you know working hard enough and lets you pass out at least once I don't think that's very productive if your workers are passing out I think this is pretty common fallen assembly. Passing out. Isn't really the yes I don't know. It talked to guys who work I used to play hockey guys that worked the plant in Ottawa in news GM place. And yet you'd be in shape that it's you know. Lot of these factory jobs are hard hard job I hadn't I'd like some of our listeners to chime in on this discuss I don't know Texas it's ex AB CTV if you or anyone you know is ever passed out while working in a factory to deceive normal it seems to me that that's a little too far like this why you have workplace safety laws put into place if had a hundred calls to ambulances since two when he fourteen that's good that's like one every four days. It's nice you know it's like when it relates sick whatever like six or seven days. But having it's it's too often it's factory worked community there's a lot of accidents actors not people passing out. The guy like that doesn't seem like. I don't know about you but I've never known anyone who worked so hard they passed out. I have yeah I like he talked at by cousins that are in the media in the mining business out it's a sketch. In the open minds a little different than Tesla and healing. It's it's manual labor guys it's just the nature of the beast anyway and it's a story for another day mr. I'd. Find it again I I don't know you could be right. I have one person for 781 saying yes I passed out but it's because I was hung. I was kind of expecting that that's understandable. 413 I refuse to work in a factory so you know nothing nothing there obviously. Great grandfather did for 781 when he was in the Chicago meat plant when he was eight passed out. 603 heat exhaustion. Yeah I mean it's just it's a it's the nature of the beast the nature of the work that you're doing OK I stand corrected apparently this this does happen you need to get out of heaps more. You do with that you know the pizza at regular people you know people have done these guys ups anyway. If that's where you know soccer is the white collar sport hockey look. Up next Dan Ackerman. From CNET he's gonna talk to chuck a boat some of the announcements coming out of global that more from our insurer match Beckham studious. And stroke here. Bringing you the best in business and financial news every day you. This is the financial exchange radio network. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional ire raised an employer sponsored plans hi this is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets onto after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications call now to get your free guide understanding traditional hiring a beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com. Many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England what technology improves and costs should come down solar incentives seem almost too good to be true yet if you talk to alternative energy clients they're thrilled with having no electric bill summary been driving their electric cars with free power from the sun imagine free solar power creating our own clean renewable energy while leaving a better world for our children and grandchildren solar is they deal retirement plan you think the state and federal tax income credits now when your high income years and enjoy high returns for the next twenty to thirty years don't put off investigating solar. The returns could be incredible call alternate energy right now at 8559120115. That's 8559120115. For a free expert solar analysis alternate energy has been serving new englanders for forty years call them today at 8559120115. Or visit them online at 800 DC solar dot com. asset protection planning can overwhelming where do you start and how do you know what type of trust is great for you and your family hi this is very Armstrong and with numerous types of available a state can certainly be confusing do you need to oval an irrevocable trust and what's the difference between the should you consider special trust like insurance trust what are the tax implications of each type of trust and an expert in elder law estate has prepared a brand guide called and trusts that will offer a roadmap as to the different types of trust that exists and help you figure which trust is right for you when your family call right now to request this 8668485699. That's 86684856990. Can also download it right now by logging to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing all the same time call now for your free 8668485699. Or get it right and legal exchange dot com. You're financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends that the insurer mention agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry like Plymouth rock and more their license for all types of insurance continued time stressed the money just one phone call and one relationship. Called today 84499. Match or go online and ensure a match dot com. Security suffered two securities America team members finreg SIPC and advisory services arbiters securities America advisors think carry ons from representative Armstrong advisory group in the securities America companies are unaffiliated. Am on top of breaking financial news by becoming a member of Harry's brigade blog on the financial exchange dot com and sign up today. Dan Ackerman from CNET joins us now we're into a little bit of tech talk here. Specifically focusing on Google and Dan thank you very much for joining us today. Great to be here there were talking about Google I O what exactly is this event what what what are they try to do with this. Developers conference the debate audience is not really people like you would meet people who develop software. Opposite all it ruined just like apple doesn't appear developers conference that Microsoft does. A few cool thing that could everyone's going to be watching extremely outline and they want it short like kind of cool stuff that could a couple of bones and our computers. So what are some of the yard the big products that they are showcasing at this for developers. We depicting it really well on everybody's new technology they're calling coo Len and not a standalone program by itself it's the visual recognition technology. They're gonna work in Q other products like Google photos like that Google assistant. That's your kind of cool birds that eerie and can look at being basically tell you what they are you can textual information L Lotta that yet now. I'd be ample debate should go far beyond that they like for that field without it into the picture of a flower. And could help people lauer why not just that it once they all our. Or or they held it up and shoot like a street you're walking down. And by using it to the length issue which is after I can do all the GPS. Is that where you Lari there's a camp on the lot. Restore every restaurant on the block. And I'm gonna pop up like in your camp your you're don't screen username and the rest of the hour is that the mother information about all the actual. And that's kind of the big push there to keep he's an extra information you want. Before you even have to ask for. It would seem to me that that kind of technology would be a boon to. Some kind of retailer where you take a picture of you know you like assert that someone's wearing you take a picture of it. And it tells you exactly what the charities and where to get it is is that a potential application. That's always holy Grail every year to have become around that we got that state where the public are huge like they can picture. She's gonna for what they are and show you where to get them in the war and not quite at exactly that point yet. But that I think everyone is is is moving toward the even showed off a demo. Where here inside the big hardware store. The phones you're losing your area can actually to lead cute little map and arrows to like where we're looking for is. That's amazing or get quote we're not quite there yet but by the demos are there. OK let's let's talk a little bit about Google home that it's in a start to become a little bit of a crowded space here I know Amazon keeps throwing. All kinds new variations on the echo and elected devices. Out there what's Google doing to keep up with there global home product. Yeah Icahn who really want to get into that space they have one product is called a home looks a lot like that Amazon echo and Amazon has already had a couple years. On the market and they have a relatively inexpensive you know entry level device that op with like fifty dollars. And it just works so well people love it. Go home version of Google if it built and that's probably the biggest advantage there and that spear version. Erie elective course content all the frequently been personal assistant that might be the best one in terms. Being able to figure out what you're asking. I'm getting bet we twenty wreck who doesn't understand what you're saying and actually giving you are useful response and I and I feel like in the long term that's gonna go a lot of places the big advantage for Google right now is. Sure yesterday. Be released a burst up the Iowa as you can actually get beat who looked at it on your iPhone now and certain things that he. If it's eerie and frankly taught in the book that insisted that Google one that there. What other kinds of the developments are coming out later this year is there anything for. You know some of the things that people are more familiar with that if we're talking about you know the android operating system YouTube anything on not on those fronts. They're predicting revenue or target or if you're to they showed off a lot about the line. It's currently just don't buy a whole litter because the code being in the cold glittery oh nickel one letter every time. And each code letter eventually stands for a Mac oddly oh and the eventually Oreo were oatmeal cookie or something like. And what they let it'll be a bastard of the Arctic it it'll give you better battery life all who might be markers that that theory that's very important. Adequately cool one of the new features they big gamble lives with picture in picture on your own which found useless to think about it if you're watching a look they YouTube video online you wanna put your email that if the FaceBook or something. You don't have to shut that down keep it playing. And jump to another app at the same time yeah well let me that dad is not achieved everybody liked but it does anything field with a Wallach a computer now because we were hopeful that we are year round. Differently army computer but. Then we got about a minute left here anything else off from Google debts off of note from this conference. I thought that he just and they talked a lot about YouTube and Google owned YouTube and they said that they upped it now. People read. One billion hours of YouTube video from month by about pretty shocking. And they all said the biggest growth area it's not alone. It tablet has not left out. It actually TV because nobody knew TVs when you buy and mark yet they have a YouTube that built in your Xbox or PlayStation or the year you're regrouping they all have. YouTube app built the and so they're really becoming a reading he he'd get the nation I. I would not be surprised that they are act more like a TV network of more more original program on the area if you you TVs sheet growth area for them that you would have spotted a couple of years. Very good Dan we appreciate the time and thank you for joining us today. Dan Ackerman from CNET talking about Google with their I O developers conference in some of the things coming out of that. Our record hope of a slap in the face is Google system being used on wireless devices to apple. Like hey series. Open up Google system because you're not good enough without a kinda surprised that up leaving allows a lot of right they like don't allow for stuff like that a lot so it's a little surprising did to see that there enough. Let's take a quick look at markets fear doubt a couple 126. Points right now the S&P is up eighteen the NASDAQ up 39 to everything in positive territory. Ten year treasury not really moving some not quite confirming this move here upwards ten year treasury still 2.2 4% right now. Quick look at gold and oil. Well actually not time for a quick look at actually we got a little bit time. Oil at 5035 gold right now at 1252 but that is all the time we have for the day. Chuck not a Barry Armstrong and Tucker Silva. You've been listening to the financial exchange from our insurer match dot com studios.